 "HDFC Life")
In a board meeting on Monday, HDFC Standard Life Insurance Company decided to list its shares through an Initial Public Offer (IPO).
The public issuance would be an offer for sale by HDFC, the parent company, and UK-based Standard Life, which holds 35 per cent stake. HDFC has told the stock exchanges a maximum of 20 per cent equity capital of HDFC Life would be offered for sale in the IPO. The ratio of equity dilution by HDFC and Standard Life is not known at the moment.
Analysts estimates had recently pegged the value of HDFC Life at Rs 32,000 crore. At
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